GBP/USD three-day downtrend stalls, as bulls eye 1.2600 amid speculations of Fed easing policy
GBP/USD rebounds from weekly lows, buoyed by positive sentiment diminishing the Greenback’s safe-haven appeal. US labor market easing supports Fed rate cut speculations, shifting market narrative. ECB, Fed, and BoE rate cut expectations in swaps markets: ECB at 140 bps, Fed at 120 bps, BoE at 75 bps; UK economic data mixed. The GBP/USD capped…